Risk is the chance or probability that a person will be harmed or experience an adverse health effect if exposed to a hazard.

Chronological; of or pertaining to date: as, the facts are stated in datal order.

1a : causing death a fatal crash a fatal disease a fatal wound. b : bringing ruin a fatal attraction to gambling. c : causing failure a fatal design flaw Lack of sufficient support was fatal to his campaign.

In simple terms, risk is the possibility of something bad happening. Risk involves uncertainty about the effects/implications of an activity with respect to something that humans value (such as health, well-being, wealth, property or the environment), often focusing on negative, undesirable consequences.

A hazard is anything that could cause harm. And, risk, is a combination of two things – the chance that the hazard will cause harm and how serious that harm could be.

Life is a series of calculated risks – nothing more. Everything that you decide to do has a margin of risk. Life is all about risks – you take some and you avoid others. The life you live depends on the choices you make, the risks you take, and how lucky or unlucky you’ve been.

Here are the 10 risks worth taking.

• Take a chance on someone inexperienced.
• Make peace with someone you don’t get along with.
• Push yourself out of your comfort zone.
• Embrace new or risky ideas.
• Embrace the unknown.
• Make a decision and don’t look back.
• Think things through.
• Take charge of your own life.

An insurance deductible is a common example of risk retention to save money, since a deductible is a limited risk that can save money on insurance premiums for larger risks. Businesses actively retain many risks — what is commonly called self-insurance — because of the cost or unavailability of commercial insurance.